Luxury conglomerate LVMH first quarter results, which were released on Monday, missed analysts growth expectations, but the company's wine and spirits division Moët Hennessy did show sales growth of 4%.

At Vinitaly 2016, being held from 10-13 April in Verona, the Abruzzo regional body announced that it will continue to invest in the UK despite it being an increasingly competitive one as well as other international markets.